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Axel Reijmers | Managing Director
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(201) 747-4718
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OVERVIEW
Millennium Slate is a spin-off from a 100-year-old US building materials company and is raising $3 million to scale the commercialization of a patented technology that installs traditional wall-cladding and roofing materials faster and requiring lower skills.
- The ‘heavy-lifting’ of laying roofs and applying wall-claddings is done by robots in Millennium Slate’s climate-controlled factory environment, allowing for a rapid and simple attachment of the chosen building materials to roofs and walls on-site
- The unique fastening method from our supplier Velcro® is roofing/wall-material and brand agnostic
- Up to 5-10x faster installations than traditional methods: Install a slate roof in 5 hours instead of 5 days
- Installation time-and-cost-savings for contractors and roofers that can now take on additional projects with the same staff
- DIY’ers, who typically shy-away from roofing jobs and messy mortar projects, are expected to adopt this easy and mistake-friendly system
OPPORTUNITY
The roofing and cladding market is ripe for disruption – traditional installation methods are time-consuming and labor-intensive (can be 3-4 times the material cost).
Market size:
- The global roofing market is expected to reach $136 billion by 20242
- The $238 billion cladding market is growing at a CAGR of 5.1%3
Challenges in the market:
- High installation costs
- Labor-intensive processes
- Skilled labor shortages
- Weather-dependent construction
- Maintenance and repair challenges
KEY ADVANTAGES OF OUR CENTENNIAL SYSTEM™
- Faster Applications
- Contractors’ complete jobs more quickly, increasing their capacity to take on additional projects
- Ideal for industries requiring rapid installations, such as hospitality and retail
- Lower Skill Level Required
- Broader labor pool due to reduced skill requirements – lower wages and easier hiring
- Simplified training processes allow for quicker onboarding of new workers
- Material Efficiency & Lightweight Design
- Example: Up to 50% reduction in slate usage for slate roofs, translating to cost savings and less material waste. Reduced structural load without compromising quality or aesthetics
- Supports environmental goals by minimizing resource consumption
- Durability & Enhanced Security
- Superior resistance to natural forces, ensuring longer-lasting installations and reduced maintenance costs
- Proven performance in rigorous testing provides peace of mind for property owners and developers
- Simplified Repairs
- Individual pieces can be easily replaced, reducing repair time and costs compared to traditional methods
- Ensures extended lifecycle of roofing and cladding systems
- Weather Resilience
- Wind tunnel tested at CAT 5 hurricane strength5 and practice tested at CAT 1 (Hurricane Lee). Temperature tested from <0 to >200 °F5
- Installation is unaffected by precipitation or extreme temperatures, allowing for year-round construction
MANAGEMENT TEAM
Fred Whitridge
Chairman & CEO, with a strong background in private equity and buyouts
Charles Ward
Project Engineer with extensive experience in manufacturing and automation
Thomas J. Collard
VP of Millennium Slate, with 25 years at Evergreen
Philip Prehoda
President of Millennium Slate – career in food-retail management
Harry Birchmore
Project Engineer and Production Manager, expert in mechatronics and robotics
Chris Birchmore
Project Engineer, experienced in manufacturing and engineering
SPECIFIC RISKS
- There is no guarantee that Millennium’s three issued US patents and trade secrets can prevent competition and copy–cats
- Compete with established suppliers in the roofing and wall–cladding market with significant name recognition and budgets for R&D, marketing and distribution
- There is no certainty that installers and contractors will buy our Centennial System products
- Technical or other issues could manifest
- Supply chain issues could lead to increased costs to produce
- There is no guarantee that talent can successfully be attracted and maintained
- Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment